Having the greatest respect for the work of Edward Chancellor, we appreciate the opportunity to occasionally feature him on this blog. Recently, he has been contemplating the return of inflation. While immediate losses to income are a deflationary force, the dynamics that determine price are more complex long-term. His most contemporary views are discussed in this recent interview. His more thorough perspective is below. Such swans as this define entire eras of investment.
25 June 2020, By Edward Chancellor
The massive fiscal deficits and money-printing engendered by the coronavirus pandemic should see off the threat of deflation. Rather, the spectre of inflation now beckons. While its potential horrors should not be downplayed, the return of inflation is the best way to resolve the great economic imbalances and social discontents that beset our world.Continue reading “Inflation to the Rescue”